irobot for solar panels – energy economy – capital market

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Energy economy
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Specializing in the development, financing, construction and operation of renewable energy projects, with an emphasis on solar fields, reports that it is acquiring 4.19% of the Israeli company AirTouch Solar for $ 2 million. Because the use of solar panels requires frequent cleaning, AirTouch Solar has developed an autonomous robot for cleaning solar panels without the need for water or manpower, in order to maximize the use of the sun to generate electricity. Through this solution, the company hopes, the developers will be able to increase the return from the facilities significantly.

The AirTouch Solar solution meets the ongoing need to maintain and clean solar panels that are spread over large areas, in a way that will ensure maximum utilization of the sun for the purpose of generating electricity.

According to the report, as part of the transaction, Energy Economy was allotted warrants to purchase additional shares of AirTouch, in an amount that constitutes up to half of the number of shares purchased in the transaction.

In addition, Meshek Energy reported that it has completed the negotiations and signed the purchase of a portfolio of photovoltaic projects from businessman Yitzhak Mirilshvili for NIS 45 million. The energy economy must present an operating profit as early as 2021 and significantly advance the company’s business forecast “(to report on the deal last week).

Recently, the company completed a NIS 220 million bond raising to finance projects in the field of renewable energy. In addition, the company also entered the world of electric transportation with the acquisition of 50% of Sonol EVI and combines green electricity generation with the electric vehicle revolution.

Chen Melamed, CEO of Economy Energy: “We are very pleased with the signing of the two deals, which join the winning of the storage tender last week. The acquisition of the active photovoltaic fields significantly increases the productive portfolio of the company’s assets. The company is already working hard to absorb and improve the projects.

“Second, the investment in a technology company that offers a unique solution that will increase electricity output from photovoltaic fields. We strongly believe in the technology, product and management of AirTouch Solar. The two companies are already collaborating and the synergy will continue to grow.”

In an interview with BizPortal last week Said company CEO Chen teaches that unlike other companies that go public and take unnecessary risks, they are not looking for exits or causing the stock to swell